SENATE DOCKET, NO. 2147 FILED ON: 2/19/2021
SENATE . . . . . . . . . . . . . . No. 2382
|
The Commonwealth of Massachusetts
_________________
PRESENTED BY:
Bruce E. Tarr
_________________
To the Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General
Court assembled:
The undersigned legislators and/or citizens respectfully petition for the adoption of the accompanying bill:
An Act relative to modernizing the MBTA pension system.
_______________
PETITION OF:
Name: | District/Address: |
Bruce E. Tarr | First Essex and Middlesex |
SENATE DOCKET, NO. 2147 FILED ON: 2/19/2021
SENATE . . . . . . . . . . . . . . No. 2382
By Mr. Tarr, a petition (accompanied by bill, Senate, No. 2382) of Bruce E. Tarr for legislation to modernize the MBTA Pension system. Transportation. |
[SIMILAR MATTER FILED IN PREVIOUS SESSION
SEE SENATE, NO. 2145 OF 2019-2020.]
The Commonwealth of Massachusetts
_______________
In the One Hundred and Ninety-Second General Court
(2021-2022)
_______________
An Act relative to modernizing the MBTA pension system.
Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:
Notwithstanding any general or special law to the contrary, there shall be special commission formed study and modernize the Massachusetts bay transportation system pension system. The commission shall include the secretary of transportation, a member from the union representing the Massachusetts bay transportation system appointed by the Governor, and three members with expertise in compensation in pension and retirement appointed by the governor. Said commission with examine the feasibility of moving the MBTA out of Social Security, creating a new group retirement for Massachusetts bay transportation employees, and transferring investment management to PRIM.
Said commission shall submit a report along with recommendations to the clerks of the house and senate and the joint committee on transportation by December 31, 2021.